Published On: Fri, Sep 9th, 2016

Intertek Group plc’s (ITRK) “Neutral” Rating Reaffirmed at Goldman Sachs Group Inc.

Intertek Group plc (LON:ITRK)‘s stock had its “neutral” rating reissued by investment analysts at Goldman Sachs Group Inc. in a research report issued to clients and investors on Thursday. They currently have a GBX 4,010 ($53.41) price target on the stock. Goldman Sachs Group Inc.’s price target would indicate a potential upside of 11.92% from the company’s previous close.
A number of other research analysts have also weighed in on the stock. BNP Paribas reissued a “neutral” rating and issued a GBX 3,500 ($46.62) target price on shares of Intertek Group plc in a research note on Monday, August 22nd. Credit Suisse Group AG reissued a “neutral” rating and issued a GBX 3,400 ($45.29) target price on shares of Intertek Group plc in a research note on Monday, August 8th. HSBC reissued a “reduce” rating and issued a GBX 3,010 ($40.09) target price on shares of Intertek Group plc in a research note on Monday, August 8th. Kepler Capital Markets raised their target price on shares of Intertek Group plc from GBX 3,410 ($45.42) to GBX 3,580 ($47.68) and gave the stock a “hold” rating in a research note on Tuesday, August 2nd. Finally, Numis Securities Ltd lowered shares of Intertek Group plc to a “reduce” rating and raised their target price for the stock from GBX 2,800 ($37.29) to GBX 3,100 ($41.29) in a research note on Tuesday, August 2nd. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 3,245.41 ($43.23).
Intertek Group plc (LON:ITRK) traded up 0.48% during mid-day trading on Thursday, reaching GBX 3583.00. The company’s stock had a trading volume of 330,468 shares. The company’s 50-day moving average price is GBX 3,577.72 and its 200 day moving average price is GBX 3,310.08. The firm’s market capitalization is GBX 5782.49 billion. Intertek Group plc has a 52 week low of GBX 2,296.00 and a 52 week high of GBX 3,706.00.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/08/intertek-group-plcs-itrk-neutral-rating-reaffirmed-at-goldman-sachs-group-inc.html

The firm also recently declared a dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 29th will be paid a GBX 19.40 ($0.26) dividend. The ex-dividend date is Thursday, September 29th. This represents a dividend yield of 0.55%.

Receive News & Ratings for Intertek Group plc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Intertek Group plc and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>